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Elon Musk says SpaceX could one day be worth vastly more than Earth's economy. Here's what that would take. By You're currently following this author! Click to unsubscribe from email alerts.

Elon Musk is known for making outlandish predictions. Chip Somodevilla/Getty Images Elon Musk is known for having planet-sized ambitions, and his latest pronouncement lives up to that billing.

"This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy," the Tesla and SpaceX CEO wrote in a Thursday post on X.

The International Monetary Fund projected in April that the total value of world output, measured at market exchange rates, would hit $126 trillion this year.

SpaceX had a $2.2 trillion market capitalization at Thursday's close, meaning the global economy is worth roughly 57 times more.

Musk's vision of SpaceX becoming at least two orders of magnitude — 100 times — more valuable suggests it will one day have a market cap in excess of $12 quadrillion.

All else being equal, SpaceX's stock price would have to rise 5,500-fold to achieve that valuation, meaning $1,000 invested today would skyrocket in value to $5.5 million.

This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy

— Elon Musk (@elonmusk) October 8, 2026 Musk elaborated on his statement in a Friday post.

"'Seeing a path' is not a statement of extreme confidence that we will achieve that outcome," he wrote. "Just means that I believe there is such a path and the probability of achieving it is not zero."

SpaceX's revenue amounted to $7.8 billion in the second quarter, up 92% from the same period last year. The maker of rockets, spacecraft, and satellites recorded a $541 million net loss, down from $1 billion 12 months earlier.

Musk told Wall Street analysts in August that SpaceX was internally projecting $1 trillion of revenue in 2030, and there was a "non-zero chance" it could reach that milestone in 2029.

But even if the company hits that mark, then grows revenue 100-fold from there to $100 trillion, that would still be less than 1% of the minimum company valuation Musk envisions.

"I guess his idea is that SpaceX will open up new colonies or human civilizations beyond the Earth, and thus tap into minerals, energy, and growth beyond what we are capable of with the finite resources we have available to us here," Russ Mould, AJ Bell's investment director, told Business Insider by email.

Yet there are likely to be "considerable risks and obstacles" when it comes to operating in space or on other planets, he continued, "not to mention considerable expense."

Those challenges mean that an investor using a discounted cash flow to value SpaceX today should apply an "extremely high" discount rate to those potential cash flows, Mould said, so the "theoretical value of SpaceX equity may not be as high as some might think."

Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, echoed Mould's point about SpaceX likely having to spend huge sums to travel to other planets and capitalize on their resources.

"What he doesn't say is how much it will cost to get there!" she told Business Insider by email.

Other analysts took a more measured view.

"Musk is a believer and a stargazer!" Neil Wilson, investor strategist at Saxo UK, told Business Insider by email, adding that SpaceX stock could be seen as a "bet on the future of mankind."

He's "obviously overegging it," Wilson continued, before noting that "even a tiny fraction of that amount makes SpaceX incredibly valuable."

However, Wilson added that SpaceX is "massively exposed to AI bubble risk and relies on the debt financing bandwagon to keep rolling."

He recommended investors treat the X post as a "bit of classic Musk hype and theatre," and instead "focus on what's going on under the hood."

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Theron Mohamed You're currently following this author! Click to unsubscribe from email alerts.

Theron Mohamed is a London-based correspondent on the International team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team then the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, and other elite investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.

Finance Elon Musk SpaceX More GDP Billionaires Stocks Investing

Alpine Woods Capital Investors LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,099 shares of the software giant’s stock after buying an additional 3,671 shares during the period. Microsoft accounts for about 1.8% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 10th biggest holding. Alpine Woods Capital Investors LLC’s holdings in Microsoft were worth $8,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Gould Capital LLC raised its stake in Microsoft by 19.9% in the second quarter. Gould Capital LLC now owns 12,223 shares of the software giant’s stock valued at $4,560,000 after buying an additional 2,029 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Microsoft by 4.6% during the second quarter. Meeder Advisory Services Inc. now owns 169,135 shares of the software giant’s stock worth $63,091,000 after acquiring an additional 7,479 shares during the last quarter. Harborfront Financial Group LLC acquired a new position in shares of Microsoft during the second quarter valued at about $328,000. Meeder Asset Management Inc. increased its holdings in shares of Microsoft by 5.2% during the second quarter. Meeder Asset Management Inc. now owns 273,833 shares of the software giant’s stock valued at $102,145,000 after acquiring an additional 13,583 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. raised its position in shares of Microsoft by 4.3% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 6,814 shares of the software giant’s stock valued at $2,542,000 after purchasing an additional 278 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

More Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Microsoft introduced Microsoft-Decision-1, an AI model it says makes decisions substantially faster than GPT-6 Sol. The launch reinforces Microsoft’s competitive position in enterprise AI and could support demand for Azure and Copilot services. Microsoft launches Microsoft-Decision-1 Positive Sentiment: Analyst and investor commentary remains bullish on Microsoft’s AI stack, Azure acceleration, Copilot adoption and a large reported backlog. Wells Fargo reportedly raised its price target to $725, while Morgan Stanley reaffirmed a Buy rating with a $600 target. Morgan Stanley rating Positive Sentiment: Microsoft is attempting to revive Windows and expand on-device AI with new Nvidia-powered Surface hardware, including the premium Surface Laptop Ultra. Local AI processing could strengthen the Windows ecosystem and stimulate higher-value PC sales. Surface Laptop Ultra Positive Sentiment: The company is nearing a $4 trillion market capitalization after a strong earnings beat, with revenue and earnings growth continuing to support the recent rally. The next major test is Microsoft’s expected October 28 earnings report. Microsoft approaches $4 trillion valuation Neutral Sentiment: Microsoft’s new Xbox division, focused on film, television, events and theme parks, could expand the reach of its gaming franchises, although the strategy is unlikely to materially affect near-term financial results. Microsoft forms new Xbox unit Negative Sentiment: The U.S. suspension of Microsoft’s PERM green-card sponsorship program creates hiring and retention uncertainty, particularly for specialized AI and engineering workers. Investors are weighing potential compliance costs and the risk of an “AI brain drain.” U.S. suspends Microsoft green-card program Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned game companies over virtual currencies, adding regulatory risk to the gaming business. Italy gaming investigation Insiders Place Their Bets In other Microsoft news, CEO Satya Nadella sold 86,525 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the transaction, the chief executive officer owned 486,763 shares in the company, valued at approximately $244,092,173.98. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total value of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares of the company’s stock, valued at $21,188,276.96. This trade represents a 10.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 143,009 shares of company stock worth $71,420,699. 0.03% of the stock is owned by company insiders. Analyst Ratings Changes MSFT has been the topic of several research analyst reports. Needham & Company LLC assumed coverage on shares of Microsoft in a research report on Wednesday, September 23rd. They set a “buy” rating on the stock. Raymond James Financial downgraded shares of Microsoft from a “moderate buy” rating to a “strong sell” rating in a research note on Wednesday, September 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Microsoft in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Microsoft in a research report on Monday, July 20th. Finally, Guggenheim reissued a “buy” rating and issued a $586.00 price objective on shares of Microsoft in a report on Monday, July 27th. Forty-two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $578.73.

Get Our Latest Analysis on Microsoft

Microsoft Trading Up 2.4% Shares of NASDAQ:MSFT opened at $535.07 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $553.72. The business has a 50 day moving average of $501.15 and a two-hundred day moving average of $434.73. The company has a market capitalization of $3.97 trillion, a PE ratio of 29.79, a PEG ratio of 1.68 and a beta of 1.10.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.50. The firm had revenue of $90.01 billion during the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.65 EPS. As a group, analysts forecast that Microsoft Corporation will post 19.65 EPS for the current year.

Microsoft Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.98 dividend. The ex-dividend date is Thursday, November 19th. This represents a $3.92 annualized dividend and a dividend yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio (DPR) is presently 20.27%.

About Microsoft (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

Read More Five stocks we like better than Microsoft Alphabet Introduces Gemini Agent—Can It Trigger a Breakout? Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform Arista Networks Plugs Into All-Time Highs Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

I think Nvidia (NVDA -0.52%) stock is a buy. Its price-to-earnings ratio is around 15 using analysts' consensus estimate for its next fiscal year (ending January 2028). For a company whose revenue more than doubled year over year last quarter, that price looks fair to me.

But it pays to know beforehand what would change that view. Nvidia is worth about $5.8 trillion, with shares trading around $239 as I write, near their all-time high. Investors paying that much are relying on Nvidia to keep charging buyers a premium for its chips.

There's one number Nvidia reports every quarter that I watch most closely: gross margin, or the share of revenue left after the direct cost of making what it sells. If it drops under 70% in a quarter with no one-time charge to explain it, I'd no longer call the stock a buy.

Image source: Getty Images. Image source: Getty Images.

Why not revenue growth?Revenue growth may look like the better number to watch. But it's a weak early warning for Nvidia right now, because the company has already told investors it should slow.

Nvidia's revenue climbed 106% year over year to $96.2 billion for its fiscal second quarter of 2027 (the three months ending July 26, 2026). Management's fiscal third-quarter guidance of around $108 billion would mean growth easing to about 89%.

And on the earnings call, chief financial officer Colette Kress said the company's preliminary expectation for fiscal 2028 is revenue growth of about 70%. Even after slowing, in other words, growth could still be remarkable.

Revenue can also keep climbing even if Nvidia needs to cut prices, because customers might just buy more chips at lower prices.

Gross margin, though, says more about how much buyers are still willing to pay for Nvidia's tech. If customers ever find options good enough to push prices down, this is arguably where the pressure might show up first.

Nvidia rarely falls below 70%Showing how much pricing power Nvidia has kept through the artificial intelligence (AI) boom, its gross margin has been at least 70% for 12 of its past 13 quarters. This run started with a 70.1% margin for the quarter ending in July 2023. It peaked at 78.4% in the first quarter of fiscal 2025, before sales of Nvidia's newer Blackwell chips started. Since then, it has mostly held between around 72% and 75%.

Just one quarter in this period fell short. In the first quarter of fiscal 2026, Nvidia took a $4.5 billion charge on H20 chips it could no longer ship to China without a license, and gross margin dropped to 60.5%. But that was a charge linked to export rules, not a sign customers were paying less.

A margin below 70% with no charge attached, then, would be the first in over three years. I'd read it as evidence that something about Nvidia's pricing power had changed.

A drop to 72% wouldn't bother meSure, Nvidia's margin is already due to come down. Management forecast a fiscal third-quarter gross margin of 74%, plus or minus half a percentage point, after 75% in fiscal Q2.

Memory prices have risen more than Nvidia expected, Kress said, so gross margin should bottom out at 71% to 72% in the fiscal fourth quarter. She expects it to settle at 72% to 73% in fiscal 2028, when price increases Nvidia has already put in place kick in.

"Tighter memory supply is a symptom of the same demand surge that's driving our own growth," Kress said.

In short, this drop has a known cause and a stated recovery plan. A margin under 70% is a different story. It might mean memory costs kept outpacing Nvidia's price increases, or that customers pushed back against those increases.

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And with the fiscal third quarter's guided revenue of around $108 billion, the gap between a 75% gross margin and a 70% one is about $5.4 billion in gross profit each quarter.

A price-to-earnings ratio of 15 only looks cheap if the expected earnings show up, and gross margin is a big part of what turns Nvidia's revenue into them.

For now, Nvidia's margin is landing around where management said it would. The fiscal fourth-quarter report, probably due early next year, should show if the bottom holds at 71% to 72%.

If the margin falls below 70% without a charge to blame, I'd consider selling the stock. Until then, I think shares are still worth buying at this price.

Shares of Palantir Technologies (PLTR +5.17%) closed September around 60% above where they started July, climbing from about $117 to about $187. Much of that came in one day. The stock surged around 29% the day after the company posted its second-quarter results on Aug. 3, a quarter when revenue rose 93% year over year.

That kind of quarter isn't new to longtime shareholders, though. By my count, it was the sixth time the AI software specialist's stock has gained 40% or more in a quarter since it started trading in September 2020.

After the other five, shares kept rising the next quarter four times. But five cases is a small sample, and the path behind each of those quarter-end numbers was far from smooth.

Image source: Getty Images.

The first big quarter came just after the stock began trading, when shares climbed around 148% in the fourth quarter of 2020. The next didn't arrive until the second quarter of 2023, with an 81% gain. Then the gains came closer together: 47% in the third quarter of 2024, 103% in the fourth quarter of 2024, and 62% in the second quarter of 2025. The quarter that just finished makes six.

What came next was mainly good news. In the third quarter of 2023, the stock climbed around 4%, and it more than doubled in the fourth quarter of 2024. It added 12% in the first quarter of 2025 and 34% in the third quarter of 2025.

The only exception was the first quarter of 2021, when shares dipped around 1%.

In the middle case, the stock gained about 12% the next quarter. So, the record leans positive, but it doesn't suggest another 60% quarter.

Five cases make a thin recordStill, I wouldn't lean on this pattern much. Even leaving aside the small sample, the cases aren't fully separate from each other. Two of the big quarters sit back to back in 2024, so the 103% fourth quarter is both a big quarter and a follow-up.

The quarter-end numbers also hide plenty of movement. In the first quarter of 2021, the stock closed as much as 66% above where the quarter began in late January, then gave all of it back.

The first quarter of 2025 played out in a similar way. Shares closed as much as 65% higher in mid-February, then ended the quarter up around 12%.

And this recent rally is different in one key way. Palantir's stock dropped around 34% in the first half of 2026, so the third quarter's rise mostly made up lost ground.

Shares closed September only about 3% above where they finished September 2025.

Can revenue growth keep speeding up?The business is arguably a better guide than the stock chart. And there, the trend is strong.

Palantir's revenue growth has accelerated for three straight quarters. It rose from 63% year over year in the third quarter of 2025 to 70% in the fourth quarter, then 85% in the first quarter of 2026. By the second quarter, growth hit 93% and revenue was around $1.9 billion.

Better still, profit grew faster than sales. Second-quarter net income came to about $1.06 billion, over three times what Palantir made a year before.

Management's outlook for the third quarter, though, calls for revenue of around $2.16 billion, or about 83% more than a year ago. That's still an impressive pace. But it would snap the streak of faster growth.

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That said, Palantir has tended to beat its own forecasts. For each of the past three quarters, revenue came in about 6% to 7% above the top of management's range. A similar result this time might put third-quarter growth in the mid-90s -- another acceleration.

Palantir released its third-quarter results on Nov. 3 last year, so the next update's probably a few weeks away. This report might matter more for the stock than any pattern in its past.

After all, investors are paying a high price for that growth. At roughly $193 as of this writing, shares trade at about 165 times earnings. Even if Palantir doubled its profit from here, the stock would still cost over 80 times earnings.

Overall, Palantir's earlier big quarters lean in shareholders' favor, and the business behind this one is growing faster than a year ago. But a pattern based on five quarters doesn't tell investors much about a growth stock priced around 165 times earnings. That price is still too high for me to buy.

Apella Capital LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 41.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,575 shares of the semiconductor company’s stock after buying an additional 1,632 shares during the period. Apella Capital LLC’s holdings in Lam Research were worth $1,837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Everhart Financial Group Inc. raised its position in Lam Research by 0.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 11,633 shares of the semiconductor company’s stock worth $3,822,000 after purchasing an additional 105 shares during the period. Avidian Wealth Enterprises LLC grew its stake in shares of Lam Research by 0.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 46,029 shares of the semiconductor company’s stock valued at $15,121,000 after buying an additional 123 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Lam Research by 8.1% during the third quarter. Valeo Financial Advisors LLC now owns 11,195 shares of the semiconductor company’s stock valued at $3,678,000 after buying an additional 838 shares during the last quarter. Veracity Capital LLC raised its holdings in shares of Lam Research by 1.8% in the third quarter. Veracity Capital LLC now owns 4,296 shares of the semiconductor company’s stock worth $1,411,000 after buying an additional 77 shares during the period. Finally, Burr Financial Services LLC lifted its stake in shares of Lam Research by 27.2% during the 3rd quarter. Burr Financial Services LLC now owns 8,330 shares of the semiconductor company’s stock worth $2,736,000 after acquiring an additional 1,780 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance Shares of NASDAQ:LRCX opened at $318.84 on Friday. The company has a market capitalization of $399.00 billion, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 1.27 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 52 week low of $131.02 and a 52 week high of $438.50. The firm has a 50 day moving average of $310.98 and a 200 day moving average of $305.87.

Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year. Lam Research Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is 22.92%.

Analyst Upgrades and Downgrades Several brokerages have commented on LRCX. Evercore reaffirmed an “outperform” rating and issued a $355.00 price objective on shares of Lam Research in a research report on Monday, July 20th. Needham & Company LLC restated a “buy” rating and issued a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. Susquehanna restated a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $364.59.

Check Out Our Latest Analysis on Lam Research

More Lam Research News Here are the key news stories impacting Lam Research this week:

Positive Sentiment: Lam Research secured new etch-tool business with a major DRAM producer, which selected the company’s Akara system and Aether dry-resist technology for advanced memory production lines. The wins strengthen Lam’s position in DDR5, LPDDR5 and high-bandwidth memory manufacturing and could support future equipment spending as next-generation memory capacity expands. Lam Research DRAM Wins Put Its Fair Value Narrative Back In Focus Positive Sentiment: Long-term investment coverage remains favorable, pointing to Lam Research’s strong historical returns, high return on equity and exposure to artificial-intelligence-related semiconductor demand. The company’s equipment is essential to chip production, providing a structural growth opportunity if leading-edge and memory investment continues. Lam Research Historical Returns Neutral Sentiment: Lam Research remains a heavily watched stock, and Zacks coverage continues to present it as a potential long-term holding. However, these articles offer limited new company-specific information or near-term earnings changes. Why Lam Research Is a Top Stock for the Long-Term Negative Sentiment: The stock recently fell more sharply than the broader market, suggesting profit-taking or weakness across semiconductor shares. Lam’s elevated valuation—about 55 times earnings based on the supplied market data—also leaves the stock vulnerable to multiple compression when sentiment cools. Lam Research Suffers a Larger Drop Than the General Market Insider Transactions at Lam Research In other news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,839 shares of company stock valued at $10,644,740 in the last 90 days. Insiders own 0.31% of the company’s stock.

Lam Research Profile (Free Report)

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

Further Reading Five stocks we like better than Lam Research Alphabet Introduces Gemini Agent—Can It Trigger a Breakout? Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform Arista Networks Plugs Into All-Time Highs Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.

Black Stone Minerals, L.P. (NYSE:BSM – Get Free Report) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $14.68 and traded as high as $14.89. Black Stone Minerals shares last traded at $14.7950, with a volume of 215,509 shares.

Analysts Set New Price Targets Several equities research analysts have weighed in on the company. Zacks Research upgraded Black Stone Minerals from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings upgraded Black Stone Minerals from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Five investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Check Out Our Latest Stock Report on Black Stone Minerals

Black Stone Minerals Trading Up 0.3% The company has a market capitalization of $3.15 billion, a PE ratio of 12.23 and a beta of 0.15. The company’s fifty day moving average is $14.68 and its 200-day moving average is $14.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.76 and a quick ratio of 3.76. Black Stone Minerals (NYSE:BSM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $148.97 million during the quarter, compared to the consensus estimate of $108.28 million. Black Stone Minerals had a net margin of 61.72% and a return on equity of 41.48%. On average, analysts anticipate that Black Stone Minerals, L.P. will post 0.95 EPS for the current fiscal year.

Black Stone Minerals Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Thursday, August 6th. This is an increase from Black Stone Minerals’s previous quarterly dividend of $0.30. Black Stone Minerals’s payout ratio is presently 105.79%.

Insider Activity at Black Stone Minerals In related news, Director James Whitehead sold 2,127,105 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $13.21, for a total transaction of $28,099,057.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Black Stone Minerals Institutional investors and hedge funds have recently bought and sold shares of the company. Saber Capital Managment LLC purchased a new stake in shares of Black Stone Minerals during the 4th quarter valued at $8,389,000. Corient Private Wealth LLC grew its stake in Black Stone Minerals by 140.2% during the 4th quarter. Corient Private Wealth LLC now owns 207,367 shares of the oil and gas producer’s stock worth $2,756,000 after buying an additional 121,043 shares during the last quarter. Rare Wolf Capital LLC purchased a new position in Black Stone Minerals during the 4th quarter worth $968,000. Doliver Advisors LP increased its position in Black Stone Minerals by 30.4% during the 2nd quarter. Doliver Advisors LP now owns 59,827 shares of the oil and gas producer’s stock valued at $836,000 after buying an additional 13,950 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Black Stone Minerals by 3.0% during the 1st quarter. Quantinno Capital Management LP now owns 42,516 shares of the oil and gas producer’s stock valued at $643,000 after buying an additional 1,228 shares in the last quarter. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Company Profile (Get Free Report)

Black Stone Minerals, L.P. (NYSE: BSM) is a Houston-based publicly traded limited partnership that owns and manages mineral, royalty, overriding royalty and working interests in oil and natural gas properties across the United States. Unlike exploration and production companies, Black Stone generally does not operate wells; instead, it leases its mineral interests to oil and gas producers and receives royalty payments from production.

The company’s asset base is concentrated in several major onshore U.S.

Further Reading Five stocks we like better than Black Stone Minerals Alphabet Introduces Gemini Agent—Can It Trigger a Breakout? Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform Arista Networks Plugs Into All-Time Highs Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

United flyers can catch nearly every MLB postseason game – including the ALCS, NLCS and World Series – live onboard more than 900 flights per day with Starlink-enabled seatback screens

Since the live streaming service launched last month, passengers have watched more than 170,000 hours of live television including professional and college football games, reality show competitions and awards shows

In September more than 5.4 million people - about a third of United's customers - had Starlink on their flight and they're loving the experience: satisfaction scores are more than 40 points higher on Starlink-equipped planes than those with other Wi-Fi service

, /PRNewswire/ -- Baseball fans can now catch nearly every playoff game live onboard select United flights with Starlink-enabled seatback screens. The airline just added TBS to its onboard streaming lineup from DISH, which also includes live shows from ABC, CBS, NBC, FOX, FS1, ESPN, ESPN2, NFL Network and TNF on Prime Video. It's now available on more than 200 planes – about 900 flights per day – and since the feature launched onboard last month, passengers have watched more than 170,000 hours of live television.

United and DISH add Playoff Baseball to the Live Streaming Lineup on Airplanes with Starlink-Equipped Seatback Screens Starlink is the fastest, most reliable Wi-Fi in the sky and United is installing it at a rapid rate – in September, more than 5.4 million people - about a third of United's customers - had Starlink on their flight and they're loving the experience: satisfaction scores are more than 40 points higher on Starlink-equipped planes than those with other Wi-Fi service.

Starlink is free for MileagePlus® members in every class of service, and the airline expects to complete installations in 2027.

"The speed and reliability of Starlink's inflight Wi-Fi is unmatched, which means sports fans can book United flights with confidence knowing they won't miss a play on flights with Starlink-enabled seatback screens," said Andrew Nocella, United's Chief Commercial Officer. "Quality inflight Wi-Fi is more important than ever to travelers, and because Starlink gives people the same – or better – connectivity in the sky than they can get at home, it's a reason to choose United."

United is also offering a flexible and straightforward status match offer for Delta and American Airlines loyalty program members so they can experience Starlink for themselves. To qualify, customers must meet the spend requirement on United flights that are both purchased and flown within the 90-day period. Qualifying customers enjoy United Premier® status benefits through January 31, 2028. More details can be found at United.com/switchtobetterwifi.

Live streaming service from DISH is just the latest example of how United is using Starlink to redefine the inflight entertainment experience. In August, United partnered with ESPN to host a first-of-its kind live Fantasy Football Draft from 30,000 feet where ESPN analyst Tyler Fulghum made his picks live from the sky during the two-hour broadcast. And earlier this summer, United customers could stream the biggest soccer tournament in the world onboard Starlink-powered domestic flights.

Starlink is just one way United is investing nose to tail in its customer experience. The airline continues to install seatback screens across its fleet – up to 1,000 aircraft are expected to have seatback screens before the end of 2027 – and is rolling out new airplanes with 27-inch, 4K OLED seatback screens, the largest among U.S. carriers. Passengers can now access more than 2,500 hours of premium entertainment content onboard including Apple TV, HBO Max, A24 and Spotify.

About United

At United, Good Leads The Way. With U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers and is now the largest airline in the world as measured by available seat miles. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

Physical AI is the name Nvidia (NVDA -0.52%) uses for artificial intelligence (AI) that works in the real world instead of onscreen. Picture the software that lets a warehouse robot lift a box, or a car steer itself through traffic. A chatbot just has to write an answer, but physical AI has to see what's around it and then choose what to do.

Rivals want in. Advanced Micro Devices (AMD -2.03%) said on Sept. 28 that it had agreed to buy World Labs, a start-up that makes AI models of 3D spaces and tools for training robots, in an all-stock deal worth around $8.2 billion.

But for Nvidia, physical AI is still a small business in a huge firm. Its automotive revenue was around $2.35 billion over the 12 months through late January 2026 (Nvidia's fiscal 2026), or about 1% of its total revenue of $215.9 billion. Even Nvidia's broader physical AI number, around $6 billion in fiscal 2026, is below 3% of sales.

That doesn't worry me. Actually, I think that's one reason Nvidia is the simplest way for investors to own this trend.

Image source: Nvidia.

Nvidia already sells to robot and car makersA physical AI system needs a few things. Its AI model has to be trained, which takes racks of powerful data center chips. It helps to practice in a simulated world before it touches a real one. And it needs a computer on board to make decisions in real time.

Nvidia sells into all three. For the on-board part, it has Jetson Thor, a computer made to go in robots, and its DRIVE Hyperion platform for self-driving cars. For training and simulation, it offers open AI models named Cosmos, plus the data center chips that run them.

"Amazon will also adopt our full physical AI stack, Omniverse, Cosmos, Isaac and Jetson to power its fleet of warehouse robots," Colette Kress, Nvidia's chief financial officer, said on the company's fiscal second-quarter 2027 earnings call in August.

What's more, the training part might matter most today. Kress also noted that Nvidia's sales of AI systems to auto industry customers for their own facilities hit around $8 billion in the past 12 months.

So, this spending shows up in Nvidia's data center sales, not its car business.

Premium Feature

Moneyball Superscore

95/100

Today's Change

(

-0.52

%) $

-1.20

Current Price

$

229.28

Small, for nowNvidia's automotive revenue (the computers and software it sells automakers for self-driving and other in-car AI) climbed 39% in fiscal 2026. Still, growth slowed sharply as the year passed.

In the fiscal second quarter, automotive revenue was up 69% year over year. But that slid to 32% in the third quarter and just 6% in the fourth, when sales hit $604 million. In short, the in-car business settled at about $600 million a quarter in the last half of the year.

Nvidia no longer reports automotive separately, either. Since the start of fiscal 2027, it's been rolled into a broader category called Edge Computing, along with products like PCs, game consoles, workstations, and robots.

Edge Computing revenue in the second quarter of Nvidia's fiscal 2027 (the three months ending July 26, 2026) was $7.2 billion, up 27% year over year. Management credited the rise to strong sales of workstations and didn't mention robots or cars. Data center revenue, in contrast, was $89.0 billion.

For now, physical AI hardly moves Nvidia's numbers.

What about AMD?AMD's deal shows how seriously rivals take this market. AMD said World Labs should help it design future hardware around how AI workloads are changing, and it expects the deal to close by the end of 2026.

Premium Feature

Moneyball Superscore

94/100

Today's Change

(

-2.03

%) $

-12.58

Current Price

$

608.10

But for investors, the two stocks are valued very differently. AMD's share price is about 41 times its expected 2027 earnings per share, using analysts' consensus estimate. For Nvidia, at around $237 a share as I write this, the number is about 15 times expected earnings per share for fiscal 2028, which ends in January 2028.

At that price, I think Nvidia investors are paying mostly for a data center business that pulled in $89.0 billion last quarter alone. Its physical AI work arguably comes along at little added cost.

Granted, robots and self-driving cars might take years longer to pay off than the excitement suggests. And a slowdown in data center spending could hurt Nvidia much more than anything in its car business. After all, data centers brought in more than 90% of its revenue last quarter.

In the end, for investors who want a stake in physical AI without betting on which robot maker wins, I think Nvidia is the simplest answer. I'd buy the stock today mostly for its data center business. Robots and self-driving cars might add to it later, but I'm not banking on them yet.

, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into CVS Health Corporation ("CVS" or the "Company") (NYSE: CVS).

On August 2, 2023, the Company announced its financial results for the quarter ended June 30, 2023, disclosing that it was revising its diluted earnings-per-share ("EPS") guidance range to $6.53 to $6.75 from $6.90 to $7.12 and that operating income "decreased $1.4 billion, or 30.7%, in the three months ended June 30, 2023 compared to the prior year primarily due to declines in the Health Care Benefits segment[.]"

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF's investigation is focusing on whether CVS' officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of CVS shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-538-3606 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cvs/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3606
1100 Poydras St., Suite 3200
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC

Votes received to date have been strongly in supportMeeting has been adjourned to October 29, 2026 Shareholders with questions or who require assistance voting should contact BIPC’s proxy solicitation agent, Laurel Hill Advisory Group, by calling 1-877-452-7184 (toll-free within North America) or 1-416-304-0211 (outside of North America), texting “INFO” to either number, or by emailing [email protected]
BROOKFIELD, NEWS, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Corporation (“BIPC”) (TSX, NYSE: BIPC) today announced a new date for the special meeting of shareholders of BIPC (the “Shareholders’ Meeting” or the “Meeting”) in respect of the proposed corporate structure simplification (the “Simplification”). While votes received to date demonstrate support for the Simplification, the new date will allow additional time for shareholders to submit their votes.

The Shareholders’ Meeting will now be held virtually on October 29, 2026 at 10:00 a.m. EDT. The record date for determining shareholders eligible to vote at the Meeting will remain as August 21, 2026.

As a result of the new date for the Meeting, the updated deadline for registered shareholders to cast their votes by proxy is 5:00 p.m. EDT on October 27, 2026. Shareholders who have already submitted a proxy do not need to vote again.

The special meeting of unitholders of Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) will continue to be held virtually on October 14, 2026, at 9:00 a.m. EDT.

The Board of Directors of each of BIP and BIPC, based in part on the unanimous recommendations of their respective special committees (consisting entirely of independent directors) and the fairness opinions received from Scotiabank, unanimously determined that the Simplification is in the best interests of BIP and BIPC, respectively, and have unanimously resolved to approve the Simplification and recommend that BIP unitholders and BIPC shareholders vote in favor of the Simplification. Glass Lewis has recommended that both BIP unitholders and BIPC shareholders vote FOR the Simplification, while ISS has recommended that BIP unitholders vote FOR the Simplification.

Benefits of a Simplified Structure

The Simplification will combine BIP and BIPC into a single publicly traded corporation, Brookfield Infrastructure Partners Inc. (“BIP Inc.”), creating a simpler corporate structure designed to deliver long-term value for all securityholders.

Brookfield Infrastructure expects the Simplification to be tax-deferred for Canadian and U.S. investors and completed without any meaningful cost to the business, while providing securityholders with the following benefits, among others:

Improved consolidated trading liquidity through a single listed security;Increased demand from current indices and potential additional index inclusion;Stronger alignment with long-term capital allocation trends toward indexable and ETF-eligible corporate securities;Simplified investor analysis, screening, and benchmarking through a single listed reporting entity;Broader access to a larger pool of investors who prefer corporate structures;Enhanced governance framework and voting rights for public securityholders; andFor BIP unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors.
Additional information is also available on our website at https://bip.brookfield.com under “Proposed Simplification”.

If the necessary securityholder approvals are obtained, the final hearing to obtain the final order from the Supreme Court of British Columbia approving the Simplification is expected to be held on or about November 3, 2026. Subject to the receipt of the final order and required regulatory approvals, it is anticipated that the Simplification will be completed in the fourth quarter of 2026.

Questions or Require Voting Assistance?

The Company has retained Laurel Hill Advisory Group as its proxy solicitation agent. If you have any questions about the Meeting or require assistance voting please contact Laurel Hill Advisory Group:

Toll Free: 1-877-452-7184 (toll free in North America)
International: 1-416-304-0211
Text: text "INFO" to either number above
Email: [email protected]

The Company may also use the services of Broadridge Investor Communications to assist eligible beneficial shareholders with voting their shares with written confirmation or over the telephone with Laurel Hill. Simply contact Laurel Hill Advisory to vote your shares today.

For additional information on the Simplification please see the joint management information circular filed with the applicable Canadian securities regulators and with the United States Securities and Exchange Commission, which is available on SEDAR+ at https://sedarplus.ca and on EDGAR at https://sec.gov. Securityholders are urged to read the circular carefully.

Please note that BIP has applied for and received exemptive relief from the Ontario Securities Commission in order to not require further approval by the holders of class A shares of BIP Inc. (“BIP Inc. Class A Shares”) for any future distributions of BIP Inc. Class A Shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A Shares under a prospectus, conditional upon obtaining the required securityholder approvals described in the joint management information circular. Accordingly, (i) in respect of BIP, a vote in favor of the Simplification by BIP unitholders will constitute voting in favor of BIP Inc.’s ability to conduct future issuances of BIP Inc. Class A Shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A Shares pursuant to a prospectus, and (ii) in respect of BIPC, a vote in favor of the Simplification by BIPC shareholders will, in the event that the Simplification is approved by BIPC shareholders, constitute voting in favor of BIP Inc.’s ability to conduct future issuances of BIP Inc. Class A Shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A Shares pursuant to a prospectus, in each case, without requiring further approval by holders of BIP Inc. Class A Shares in accordance with National Instrument 41-101 – General Prospectus Requirements.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager, headquartered in New York with over $1 trillion of assets under management. For more information, go to https://brookfield.com.

Contact Information

Media:Investor Relations:John Hamlin
Director
Communications
Tel: +44 204 557 4334
Email: [email protected] Fukuda
Managing Director
Corporate Development & Investor Relations
Tel: +1 416 956 5129
Email: [email protected]   This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

Cautionary Statement Regarding Forward-looking Statements

This news release contains forward-looking statements and information within the meaning of Canadian provincial securities laws and “forward looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations.

Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements in this news release include statements regarding the exploration of changes to Brookfield Infrastructure’s corporate structure, whether any transaction may be pursued and the possibility, timing, structure, benefits, and conditions to any potential transaction. There can be no assurance that the securityholders will approve a transaction to create a single corporate security or, if approved, that the transaction will be completed.

The foregoing list of important factors that may affect future results is not exhaustive. Except as required by law, Brookfield Infrastructure does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.

Trane Technologies (TT - Free Report) ended the recent trading session at $476.98, demonstrating a +1.5% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.

The manufacturer's stock has climbed by 6.85% in the past month, exceeding the Business Services sector's loss of 2.9% and the S&P 500's gain of 1.34%.

Market participants will be closely following the financial results of Trane Technologies in its upcoming release. The company plans to announce its earnings on October 29, 2026. The company is expected to report EPS of $4.74, up 22.16% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $6.4 billion, indicating a 11.53% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $15.3 per share and a revenue of $23.66 billion, demonstrating changes of +17.15% and +10.97%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for Trane Technologies. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Trane Technologies presently features a Zacks Rank of #3 (Hold).

In terms of valuation, Trane Technologies is currently trading at a Forward P/E ratio of 30.71. This signifies a premium in comparison to the average Forward P/E of 15.81 for its industry.

Meanwhile, TT's PEG ratio is currently 2.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services industry currently had an average PEG ratio of 1.24 as of yesterday's close.

The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 172, positioning it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

-

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson Pacific”) today announced the tender results of the previously announced tender offer (the “Tender Offer”) by its operating partnership, Hudson Pacific Properties, L.P. (the “Company”), to purchase for cash up to a combined aggregate principal amount of $200,000,000 (the “Aggregate Maximum Tender Offer Amount”) of the Company’s outstanding 3.950% Senior Notes due 2027 (the “2027 Notes”) and 5.950% Senior Notes due 2028 (the “2028 Notes” and together with the 2027 Notes, the “Notes” and each a “Series” of Notes) as shown in the table below, subject to the Allocation Procedures, including the Proration Factor (each as defined in the Offer to Purchase referred to below). The Company offered to purchase $100,000,000 aggregate principal amount of each Series of Notes (the “Target Allocation”).

CUSIP
Numbers

Title of
Security

Aggregate
Principal
Amount
Outstanding

Target
Allocation

Principal
Amount
Tendered on
or Prior to the
Expiration
Date

Principal
Amount
Accepted on
the
Expiration
Date

Approximate
Proration
Factor(1)

Tender Offer
Consideration(2)

44409M AA4

3.950% Senior Notes due 2027

$400,000,000

$100,000,000

$285,155,000

$100,000,000

35.1%

$980.00

44409M AD8

5.950% Senior Notes due 2028

$350,000,000

$100,000,000

$252,698,000

$100,000,000

39.9%

$991.25

The terms and conditions of the Tender Offer are described in an Offer to Purchase dated October 5, 2026 (the “Offer to Purchase”). The Tender Offer is subject to the satisfaction of certain conditions as set forth in the Offer to Purchase. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Offer to Purchase. As used herein, all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date are referred to as having been “validly tendered” as of the Expiration Date.

The Tender Offer expired at 5:00 p.m., New York City time, on October 9, 2026 (the “Expiration Date”). As set forth in the table above and as reported by the Tender Agent, the total principal amount of the 2027 Notes validly tendered as of the Expiration Date was $285,155,000, thereby making the 2027 Notes an Oversubscribed Series. The total principal amount of the 2028 Notes validly tendered as of the Expiration Date was $252,698,000, thereby making the 2028 Notes an Oversubscribed Series. The aggregate principal amount of the Notes validly tendered as of the Expiration Date was $537,853,000. As a result, based on the terms and conditions of the Tender Offer, given that both Series were Oversubscribed, and the aggregate principal amount of Notes validly tendered as of the Expiration Date exceeded the Aggregate Maximum Tender Offer Amount, as set forth in the table above, the Company will accept for purchase $100,000,000 aggregate principal amount of the 2027 Notes that were validly tendered as of the Expiration Date and $100,000,000 aggregate principal amount of the 2028 Notes that were validly tendered as of the Expiration Date. The 2027 Notes validly tendered will be subject to a Proration Factor of approximately 35.1%, and the 2028 Notes validly tendered will be subject to a Proration Factor of approximately 39.9%, each calculated as described in the Offer to Purchase.

The 2027 Notes accepted for purchase will receive a Tender Offer Consideration of $980.00 per $1,000 principal amount of 2027 Notes accepted for purchase, and the 2028 Notes accepted for purchase will receive a Tender Offer Consideration of $991.25 per $1,000 principal amount of 2028 Notes accepted for purchase, in each case as set forth in the table above. The Tender Offer Consideration, plus accrued and unpaid interest for Notes that were validly tendered as of the Expiration Date, will be paid by the Company on or around October 14, 2026, the second business day after the Expiration Date (the “Settlement Date”). The Company intends to fund the Tender Offer Consideration plus accrued and unpaid interest for the Notes tendered in the Tender Offer with $95.0 million of cash on hand and $105.0 million of borrowings under the Company’s unsecured revolving credit facility. Current cash on hand includes approximately $21.2 million of net proceeds from the Company’s recent sale of 2001 Gateway in San Jose, California, approximately $59.5 million of net proceeds from the recent sale of 875 & 899 Howard in San Francisco, California, and approximately $14.0 million of net proceeds from recent sale of assets associated with the winddown of certain Quixote operations. Subsequent to the Tender Offer settlement, Hudson Pacific intends to repay a portion of its outstanding borrowings under the unsecured revolving credit facility with net proceeds from the anticipated sale of Skyport Plaza in San Jose, California, though there can be no assurance as to when or if the sale of Skyport Plaza will be completed.

Any Notes tendered but not accepted for purchase in the Tender Offer will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company and otherwise returned in accordance with the terms of the Offer to Purchase.

A copy of the Offer to Purchase is available at https://www.gbsc-usa.com/hpp/ or may be obtained from Global Bondholder Services Corporation, the Information Agent and Tender Agent for the Tender Offer, at (855) 654-2014 (toll free) or (212) 430-3774 or by email to [email protected]. In connection with the Tender Offer, the Company has retained Wells Fargo Securities, LLC as the exclusive Dealer Manager. Questions regarding the Tender Offer should be directed to Wells Fargo Securities, LLC by calling collect at (704) 410-4759 or toll free at (866) 309-6316 or by email to [email protected].

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. Further, nothing contained herein shall constitute a notice of redemption of the Notes or any other securities. The Tender Offer is being made only by the Offer to Purchase and the information in this press release is qualified by reference to the Offer to Purchase. None of Hudson Pacific, its board of directors, the Company or their affiliates, the Dealer Manager, the Information Agent and Tender Agent or the trustees with respect to the Notes is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc. (NYSE: HPP) owns, operates, develops and redevelops top-tier office real estate across high-barrier-to-entry West Coast gateway markets, including the San Francisco Bay Area, Los Angeles, Seattle and Vancouver. The Company also owns a studio platform unique among publicly traded REITs, comprising one of the largest independent studio operations in Los Angeles, along with an additional studio in New York. Hudson Pacific's in-service portfolio of 45 properties includes approximately 12.6 million square feet of office space and approximately 1.7 million square feet of studio space, leased to investment-grade and blue-chip tenants in technology and media, balanced by legal, government, retail and financial and business services users. The Company has been named GRESB's Global Sector Leader for U.S. office five years running and was one of the first REITs to achieve carbon neutrality across its operations, which it has maintained since 2020.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond Hudson Pacific’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect Hudson Pacific’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, Hudson Pacific disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause Hudson Pacific’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in Hudson Pacific’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by Hudson Pacific from time to time with the SEC.

More News From Hudson Pacific Properties, Inc.

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The logo of Amazon's Alexa + is displayed on a screen during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

SAN FRANCISCO, Oct 9 (Reuters) - Amazon (AMZN.O), opens new tab on Friday confirmed it was shuffling leadership in its Alexa division, a day after ​the company announced its first tablet computers featuring the voice ‌assistant.

Daniel Rausch, a 17-year Amazon veteran who has served as vice president of Alexa and Echo for over three years, is stepping away ​from the unit next month, Amazon said in response ​to a Reuters inquiry.

Sign up here.

Rausch, who has served as the ⁠face of Alexa at events and global launches, will return ​in another capacity in the devices and services division in 2027.

In ​his place, Amazon will install Aidan Marcuss, currently the vice president of Fire TV, advertising and the Amazon appstore. Marcuss joined Amazon from Microsoft (MSFT.O), opens new tab ​in early 2025. He oversaw the release of a new ​Fire TV stick last month, which has garnered mixed reviews.

Kevin Keith, a ‌product ⁠and marketing vice president, will keep that role but also take on Marcuss' responsibilities for the time being, Amazon said. The company declined to provide additional detail about the changes.

Alexa has ​been a consistent ​money-loser for Amazon ⁠since its release in 2014.

Amazon spent several years developing a new version of the voice ​assistant offering generative AI that can respond to ​longer prompts. ⁠The service is featured in the new Alexa Tablets announced on Thursday that Amazon has priced as a high-end product compared ⁠with prior ​Fire tablets that were inexpensive.

Alexa+, as ​the latest version is known, is included in the $139-per-year Prime membership or for $20 ​monthly as a standalone service.

Reporting by Greg Bensinger Editing by Bill Berkrot

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Gilead Sciences (GILD - Free Report) closed at $151.17 in the latest trading session, marking a +2.77% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.

The stock of HIV and hepatitis C drugmaker has risen by 1.58% in the past month, leading the Medical sector's loss of 1.97% and the S&P 500's gain of 1.34%.

Analysts and investors alike will be keeping a close eye on the performance of Gilead Sciences in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.14, marking a 13.36% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.81 billion, indicating a 0.51% increase compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.48 per share and a revenue of $30.76 billion, signifying shifts of -105.89% and +4.47%, respectively, from the last year.

Investors might also notice recent changes to analyst estimates for Gilead Sciences. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.57% higher. Gilead Sciences is currently sporting a Zacks Rank of #3 (Hold).

The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 29% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Acquisition Adds Over 4,300 Water Connections; $21 Million in Planned Infrastructure Investments

, /PRNewswire/ -- Kentucky American Water today completed the acquisition of the Black Mountain Utility District water system and wastewater service in Harlan County for $1.4 million. The newly acquired system serves over 4,300 water customer connections and six wastewater customer connections. The water service acquisition was approved by the Kentucky Public Service Commission (PSC) on July 10, 2026, and the wastewater service acquisition was approved on September 21, 2026, both reflecting Kentucky American Water's ongoing commitment to strengthening water infrastructure and enhancing service in communities across the state. Additionally, Kentucky American Water is welcoming to its operations 10 employees who have proudly provided water service to these customers prior to the acquisition.

"Reliable water service is something we often take for granted. It's the one thing in life we depend on the most in our daily lives that we likely pay the least for," said Harlan County Judge Executive Dan Mosley. "Black Mountain Utility District customers have experienced far too many issues in recent years. Kentucky American Water acquiring this system and their commitment to invest more than $20 million into system infrastructure upgrades over the next few years will have a positive long-term impact on customers. I appreciate Kentucky American Water for making this investment in Harlan County and I look forward to seeing the system improve under their watch."   

Kentucky American Water is committed to investing more than $20.9 million in improvements for the water system over the next five years. Planned improvements include replacing water meters within the first year, implementing safety and security enhancements, pump station improvements as well as control and security enhancements that monitor the water system.

Recently, Kentucky American Water worked closely with Black Mountain Utility District and local emergency management officials to support response and recovery efforts following devastating flooding in Harlan County. Company employees and contractors provided operational and technical assistance to help assess water system impacts and facilitate water service restoration for approximately 200 homes.

"Kentucky American Water is committed to delivering safe, clean, reliable and affordable water service to our new customers in Harlan County, just as we do for over half a million people across the Commonwealth," said Rob Burton, president of Kentucky American Water. "We'll continue to strengthen this region's water infrastructure to improve quality and reliability of service for customers through ongoing investment and we look forward to being an active and impactful community partner."

High-quality customer service is a priority for Kentucky American Water. New customers will receive additional information in the mail from Kentucky American Water in the coming weeks to help facilitate a smooth transition, and the information is also available now on a new, dedicated webpage on the company's website at kentuckyamwater.com under Customer Service and Billing, then select For New Customers.

Customers will be able to take advantage of the company's customer service benefits, including its online account management portal, MyWater, multiple options for bill payment, as well as the company's customer assistance H2O Help to Others program for qualifying customers needing help paying their water bill.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

 For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Kentucky American Water         
Kentucky American Water, a subsidiary of American Water with approximately 150 dedicated employees, provides safe, clean, reliable and affordable water and wastewater services to approximately 550,000 people.

For more information, visit Kentucky American Water's website and join Kentucky American Water on Facebook, X and Instagram.

SOURCE American Water

, /PRNewswire/ -- Evolent Health, Inc. (NYSE: EVH), a company focused on achieving better health outcomes for people with complex conditions, today announced it will release its third quarter 2026 financial results on Thursday, November 5, 2026, before market open, with a conference call to follow at 8:30 a.m. ET.

Shareholders and interested participants may listen to a live broadcast of the conference call found on Evolent's investor relations website, https://ir.evolent.com.

Analysts interested in asking questions during the live call should dial 855.940.9467, or 412.317.6034 for international callers, and reference the "Evolent call" 15 minutes prior to the call.

An audio playback of the conference call will be available on Evolent's investor relations website for 90 days after the call.

About Evolent

Evolent specializes in better health outcomes for people with complex conditions through proven solutions that make health care simpler and more affordable. Evolent serves a national base of leading payers and providers and is consistently recognized as a top place to work in health care nationally. Learn more about how Evolent is changing the way health care is delivered by visiting https://ir.evolent.com.

Contacts: 
[email protected]

SOURCE Evolent Health, Inc.

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SOUN squeeze long

Buy a call spread on SoundHound (e.g., buy SOUN 1–3 month calls, sell nearer-dated higher-strike calls). The setup is a heavily shorted, technically broken stock with earnings approaching—perfect conditions for a violent rebound if any positive catalyst hits (guidance, deal traction, or buy-side momentum). The goal is to profit from a squeeze-driven spike rather than a slow recovery.

Key Risk: Earnings and guidance disappoint and the stock keeps sliding, crushing call premiums and preventing a squeeze.

SOUN short

Sell short SoundHound (SOUN). The stock broke key support at $5.80 and is below the 50-week EMA and a descending trendline, so rallies likely get sold. Short interest is high (40%), but the chart still points down toward ~$4; that’s where forced covering may be limited until price stabilizes. Revenue growth and loss narrowing haven’t stopped the sell-off, so fundamentals aren’t yet overriding positioning.

Key Risk: A sustained short squeeze that lifts SOUN above $5.80 and holds it, forcing shorts to cover.

SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. 

SOUN stock has plunged since October last year, when it peaked at $22 after Nvidia took a stake in the company. Despite its strong revenue growth, investors have continued to bet against the company, with the short interest rising to 40%. This makes it one of the most heavily shorted companies in the US. 

Short interest is a figure that looks at the number of shares of a stock that investors have sold short but have not yet covered or closed out. It is usually a measure of how many traders are betting that a stock will fall. A high figure is a sign that many people expect it to drop over time. 

It can also be a sign that a stock will experience a short squeeze, a situation where it rebounds, forcing short sellers to buy shares to close their positions. A good example of a short squeeze was GameStop, which surged in early 2021. OpenDoor also experienced a short squeeze last year.

SoundHound’s crash and the rising short interest is happening even as its revenue continue growing. Its last earnings report showed that revenue jumped by 45% to $61.9 million as more companies continued to embrace its technology. It signed a 7-figure deal with a healthcare system with over 30,000 employees. It also renewed its contracts with top companies like Rakuten Securities and Hyundai.

SoundHound also continued to narrow its losses during the quarter. Its net loss came in at $42.8 million from $74 million a year earlier. The management decided to hike its targets for the year. It now expects that its annual revenue will be between $230 million and $260 million. 

Analysts expect that its revenue will be $251 million, followed by $390 million next year. The real figures will be higher than these because of its recent LivePerson acquisition in a $43 million deal.

SoundHound stock chart | Source: TradingView

The weekly chart shows that the SoundHound stock has been in a strong sell-off since last year. It has now dropped below the important support level of $5.80, its lowest level in March and August, invalidating the double-bottom pattern. The double-bottom is one of the most common bullish reversal patterns in technical analysis. 

The stock continues falling below the 50-week Exponential Moving Average and the descending trendline that connects the highest swing since January. Its double-bottom pattern was part of the descending triangle pattern. 

Therefore, the path of the least resistance is downwards, with the next key target to watch being at $4. The risk, however, is that it may experience a short squeeze, especially as its earnings nears.

Hunterbrook Capital has taken a short position in Meta Platforms Inc. (NASDAQ:META), betting that early excitement over the company’s Muse AI agent is running ahead of the usage data.

Hunterbrook disclosed the position Friday with a Hunterbrook Media report based on alternative data from TickerTrends. The numbers point to a cooling launch.

Benzinga reached out to Meta Platforms for comment and did not receive an immediate reply.

META stock is moving. See the chart and price action here. Downloads SlipHunterbrook highlighted data showing Muse downloads averaged about 165,000 a day in the latest seven-day stretch, down 8.1% from roughly 180,000 the week before.

Daily downloads came in around 170,000 on Oct. 6, 21.1% below the Sept. 24 peak of about 215,000.

Reviews fell too. TickerTrends counted 4,716 Android and iOS reviews in the seven days through Oct. 7, down 11.6% from the prior week. iOS reviews dropped 22.5%.

TickerTrends drew attention this week after its $50.44 billion estimate of OpenAI‘s annualized revenue landed much closer to newly reported figures than the $70 billion number investors had been passing around.

Read Next

Usage Climbs, SlowlyDaily active users are still rising. TickerTrends put worldwide Muse DAUs at 2,730,919 on Oct. 6, the highest reading in its data.

Hunterbrook pointed to the slow pace as a problem and calculated an average net gain of about 198,000 users a day from Sept. 15 to Sept. 22. Growth slowed to about 87,000 a day the next week, then to about 74,000 a day in the seven days through Oct. 6. That makes the latest pace 62.4% slower than the first surge.

Muse also has fewer users than Threads did at the same point in its launch. Threads launched globally, though, and lost users much faster after its debut.

From Investigation to ShortHunterbrook first went after Muse last month over privacy concerns. The report alleged the agent could be prompted to compile lists of Facebook and Instagram accounts tied to vulnerable groups, including undocumented immigrants, transgender public school teachers and women who said they had ordered abortion pills in states with bans.

Hunterbrook Capital said it was not short Meta when that report ran. It is now, after the download and usage data turned.

Zuckerberg’s Big BetMeta CEO Mark Zuckerberg called Muse “the centerpiece of our vision for what we’re building” at the company’s event last month. The agent can send email, book travel and shop using its own computer and browser in the cloud.

Meta added about $200 billion in market value as Muse rose to the top of the U.S. App Store and Google Play free-app charts, according to Hunterbrook.

Blocked Sites, Privacy RisksHunterbrook also pointed to websites limiting what Muse can do. TickerTrends tracks user reports of sites that have restricted the agent, including Amazon.com, Costco Wholesale and Netflix. In September, Amazon said it blocked Muse from shopping for customers.

META Stock Price Activity: Meta stock was down 0.41% at $717.95 at the time of publication Friday, according to Benzinga Pro market data. Meta shares slipped below $718 shortly after Hunterbrook published its report around 1:30 p.m. ET.

Read Next

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Description

The state of California is accusing Amazon of a price-fixing scheme that pushes wholesale vendors to raise prices at competing stores like Target, Walmart, Chewy, and Best Buy. And the state says, after the discovery process, it now has receipts to prove it. The case centers on several email exchanges between Amazon vendor managers and brands like Levi's, GlobalOne, Hanes, and Scotts Miracle-Gro.

Business Insider obtained the full case file and reviewed hundreds of pages of documents and over a dozen email exchanges to investigate if Amazon uses its influence as the largest e-commerce company in the United States to compel vendors to raise prices at competing retailers. We also spoke with several third-party sellers, like the inventors of the Bed Scrunchie, who say they, too, are pressured by Amazon to raise prices at other retailers.

So, has Amazon become too big and powerful? And is it possible the company is using its power to drive up prices everywhere?

The state of California is accusing Amazon of a price-fixing scheme that pushes wholesale vendors to raise prices at competing stores like Target, Walmart, Chewy, and Best Buy. And the state says, after the discovery process, it now has receipts to prove it. The case centers on several email exchanges between Amazon vendor managers and brands like Levi's, GlobalOne, Hanes, and Scotts Miracle-Gro.

Business Insider obtained the full case file and reviewed hundreds of pages of documents and over a dozen email exchanges to investigate if Amazon uses its influence as the largest e-commerce company in the United States to compel vendors to raise prices at competing retailers. We also spoke with several third-party sellers, like the inventors of the Bed Scrunchie, who say they, too, are pressured by Amazon to raise prices at other retailers.

So, has Amazon become too big and powerful? And is it possible the company is using its power to drive up prices everywhere?

Show more

Jim Cramer built his reputation chasing momentum, so when AI stocks cratered and he credited a stock he openly hates for saving his portfolio, it raised a question worth sitting with: what exactly do you owe the boring names you…

Jim Cramer is best known for trading momentum, so the stock he picked to protect his portfolio on Thursday stood out. As artificial intelligence stocks fell after a Financial Times report on OpenAI’s revenue, the Mad Money host pointed to a dividend payer he openly dislikes having.

“Do you know how much I’ve hated owning Home Depot? The answer is about as much as I loved it today. Because it’s keeping me in the game on days like this one,” Jim Cramer said on Mad Money on October 8, 2026. He added that diversification keeps you in the game.

AI Selloff Sent Money Toward Forgotten Names Oracle (NYSE:ORCL | ORCL Price Prediction) and Broadcom (NASDAQ:AVGO) led the decline. Beaten-down stocks outside the AI trade rallied as Treasury yields eased. Home Depot (NYSE:HD) was among them. CNBC reveals that Cramer’s Charitable Trust having shares of Broadcom and Home Depot.

A boring dividend stock does its job by holding up when a crowded trade unwinds, so an investor concentrated in AI does not get shaken out entirely.

Why Home Depot Has Been So Hard to Own Cramer’s frustration is supported by the chart. Shares traded at $291.90 midday Friday, down 13.31% year to date and 21.77% over the past year. Over five years, the stock is down 0.87%.

Housing is the anchor. On the August earnings call, CFO Richard McPhail said housing turnover “has never been lower as a percentage of the housing stock” and there is “just no sign of an inflection point at this moment.” The 10-year Treasury yield stood at 5.28% on October 7, keeping mortgage rates high. The company announced interim management plans on August 12 while its CEO takes temporary medical leave.

What You Get for Putting Up With Boring The business keeps growing anyway. Second-quarter revenue reached $47.86 billion, up 5.71% year over year, and adjusted EPS of $4.92 beat the $4.73 consensus, according to the company’s results filed with the SEC. Comparable sales rose 1.7%, online comps grew 11%, and management confirmed full-year guidance. McPhail said “we’re confident we’re taking share.”

The company paid about $2.3 billion in dividends during the quarter, supported by $12.65 billion of free cash flow in fiscal 2025. The quarterly dividend is $2.33 per share, or $9.32 annualized, for a yield near 3.10%. Home Depot called the February declaration its 156th consecutive quarterly cash dividend.

The quarterly payout sat at $0.225 in both 2008 and 2009, frozen during the last housing collapse but never cut. It has since rose to $2.33. Over ten years, the stock is up 192.84% before dividends.

Where the Boring Thesis Gets Tested A 10-year Treasury at 5.28% pays more than Home Depot’s dividend, so the stock must earn its place through payout growth and resilience. This year’s raise was only 1.3%, and management guides fiscal 2026 diluted EPS to flat to +4.0%. Leverage runs high, with debt-to-equity near 5.10 and net debt to EBITDA around 2.65.

The valuation trades at about 21 times trailing earnings and 20 times forward estimates. Wall Street is split, with 4 Strong Buy, 17 Buy and 15 Hold ratings. The average price target is $378.34.

What to Watch Before the Next Dividend Decision Cramer’s point is about portfolio construction. A stock that lags during an AI rally can keep a portfolio standing when that rally breaks. For Home Depot, track comparable sales in the third-quarter report, any change in housing turnover as yields move, updates on the CEO’s leave, and the size of the next dividend raise. If the payout keeps growing through “frozen housing conditions,” the boring case gets stronger.

Contact [email protected] for any questions or corrections.

News Summary:

Cisco appoints Girish Rishi to its board of directors effective October 9, 2026. Rishi brings three decades of technology leadership and deep expertise across data and AI, product development, supply chain and M&A to Cisco's board. Rishi is Chairman and Chief Executive Officer of Cognite. , /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced the appointment of Girish Rishi to its board of directors, effective today.

"I'm delighted to welcome Girish to Cisco's board," said Chuck Robbins, Chair and CEO of Cisco. "He has helped many of the world's most complex organizations and industries harness the power of data and AI. His expertise will be invaluable as Cisco provides organizations around the world with the critical infrastructure required to lead in the AI era."

Girish Rishi, Chairman and Chief Executive Officer, Cognite Rishi has spent three decades leading technology businesses across hardware, software and systems. He currently serves as Chairman and Chief Executive Officer of Cognite, a leading industrial AI company that helps energy and industrial organizations turn their data into actionable insights, and he is a Senior Advisor to Blackstone. Prior to joining Cognite, Rishi served as Chief Executive Officer of Blue Yonder, a provider of supply chain management software and consulting services. He previously held executive leadership positions at Tyco International, Zebra Technologies, Motorola Solutions and Symbol Technologies, where he served customers in the government and commercial sectors.

"Every organization is racing to turn its data into a competitive advantage with AI, and that depends on secure, resilient infrastructure, which is exactly what Cisco delivers," Rishi said. "I'm honored to join Cisco's board and look forward to working with Chuck and the team as the company continues to help customers unlock the full potential of AI."

In addition to Cisco, Rishi currently serves on the board of directors of Insight Enterprises, where he has been a director since 2017. He previously served on the board of Digi International. Rishi is a member of the Council on Foreign Relations and an executive board member of the Arizona Commerce Authority. He holds a master's degree in public policy from Johns Hopkins University, an MBA from the University of Hartford and an undergraduate degree from the University of Mumbai.

For more information about Cisco's board of directors, visit here.

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.

SOURCE Cisco Systems, Inc.

Earnings season is well and truly here, and with it come myriad opportunities for investors to adapt and reflect. Next week’s earnings calendar has some major highlights, but it may be Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) that has the biggest implications. Where other firms may offer broad economic indicators, in financials, for example, TSM’s report will inform markets about broader tech trends related to chips, making it one to watch.

Key Takeaways: TSM reports earnings Thursday, October 15th. The firm’s semiconductor business and earnings may reveal broader trends for AI and tech. For the stock itself, however, several ETFs offer different overall types of exposure to the firm. Using the ETF Database Stock Exposure tool, investors can search for ETFs ranked by exposure to particular stocks. Looking at the top ETFs by weight for TSM, for example, offers different approaches to holding the stock. 

Filtering out ETFs under $300 million in AUM or so, for example, one can find the active Capital Group New Geography Equity ETF (CGNG) among the top holders of TSM. CGNG charges a 64 basis point (bps) fee to actively invest in emerging markets, including some frontier markets. 

The ETF assesses factors like per capita GDP, regulatory barriers, and capital as a GDP percentage in scrutinizing investments. CGNG uses a team manager approach, splitting segments of the work across its seasoned team. That has seen the ETF, which weights TSM as its largest stock at 11.5%, return 13.3% YTD. 

The State Street SPDR S&P Emerging Asia Pacific ETF (GMF) provides an indexed approach, focusing on Asia Pacific emerging markets, specifically. GMR charges a 49 bps fee, holding not only one but two stock varieties from TSM. Together, that puts the fund’s weight to TSM at about 18.3%, combined, with the fund returning 11.9% YTD. GMF holds just over $400 million in AUM compared to CGNG’s $3.2 billion.

For those who want the most hyper concentrated exposure to TSM for a tactical move, however, leveraged ETFs can help. The Direxion Daily TSM Bull 2X ETF (TSMX) takes the cake as the leveraged ETF with the largest exposure to the stock. Charging 99 bps and meant to act as a daily, tactically-adjusted fund, TSMX has returned 85.3% YTD per ETF Database data.

See more: Combined Assets in SPY, SPYM Cross $1 Trillion for the First Time

TSM reports on Thursday, October 15th. Its data will have implications not only for its shareholders or its related ETFs, but for tech overall. For those wanting to get exposure to the stock as it prepares for that moment, the above ETFs could be worth watching.

For more news, information, and analysis, visit the Equity ETF Content Hub.

In 2016, the Singapore-based chipmaker Avago acquired the U.S. chipmaker Broadcom (AVGO +0.39%) for $37 billion, inheriting its brand. Over the following decade, it relocated its headquarters to the U.S., expanded its infrastructure software business with several major acquisitions, and launched more custom AI chips for hyperscalers.

From fiscal 2016 to fiscal 2025 (which ended last November), Broadcom's revenue grew at a 19% CAGR. Over the past ten years, its stock delivered a total return of 2,580% with reinvested dividends, outperforming the S&P 500's (^GSPC +0.59%) total return of 327%. Let's see what a $5,000 investment in Broadcom might be worth by 2032.

Image source: Getty Images.

What are Broadcom's biggest catalysts? In fiscal 2025, Broadcom generated 58% of its revenue from its semiconductor solutions segment and the remaining 42% from its infrastructure software segment. Here's how those two businesses fared over the past two and a half years.

Growth (YOY)

FY 2024

FY 2025

Q1 2026

Q2 2026

Semiconductor Solutions Revenue

7%

22%

52%

79%

Infrastructure Software Revenue

181%

26%

1%

9%

Total Revenue

44%

24%

29%

48%

Data source: Broadcom. YOY = Year-over-year.

Broadcom's semiconductor business sells a wide range of chips for the mobile device, data center, networking, wireless, storage, and industrial chip markets. But over the past two years, it ramped up its production of custom application-specific integrated circuits (ASICs) for processing AI tasks. When deployed at scale, these custom AI accelerators (XPUs) can process AI inference tasks more cost-efficiently than stand-alone GPUs.

As the AI market expanded, Alphabet's Google, Meta Platforms, OpenAI, Anthropic, and other AI software giants bought more of Broadcom's custom ASICs to curb their dependence on Nvidia's (NVDA -0.52%) GPUs.

That's why its AI chip sales soared 65% to $20 billion, or 31% of its top line, in fiscal 2025. It expects that figure to surge to $115 billion by fiscal 2027. That would represent two-thirds of its projected revenue and easily offset its slower sales of non-AI chips and infrastructure software.

Broadcom also sells high-speed Ethernet switch ASICs and optical interconnect components, which are essential for supporting AI clusters at data centers. Therefore, its soaring sales of custom AI chips will boost its sales of other AI infrastructure products.

Premium Feature

Moneyball Superscore

91/100

Today's Change

(

0.39

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1.40

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However, Broadcom's infrastructure software business -- which includes CA's enterprise software, VMware's cloud platform, and Symantec's former enterprise security division -- gives it even more ways to lock in its semiconductor customers with bundled services. Its stable growth should also insulate it from a cyclical slowdown in semiconductor sales.

Where will Broadcom's stock be in 2032? Broadcom's business could transform as sales of its custom AI chips soar. From fiscal 2025 to fiscal 2028, analysts expect its revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 62% and 63%, respectively. Those are stellar growth rates for a stock that trades at 14 times next year's adjusted EBITDA.

According to Market Research Future, the global AI market could expand at a 38.5% CAGR from 2026 to 2035, while the global AI chip market could grow at a 33.7% CAGR from 2025 to 2035. If Broadcom keeps up with those secular trends, its stock could soar even higher.

If Broadcom matches Wall Street's expectations through fiscal 2028, grows its adjusted EBITDA at a 30% CAGR through fiscal 2033, and trades at a more generous 25 times its forward adjusted EBITDA, its stock could rise nearly tenfold by 2032 and turn a $5,000 investment into over $50,000.

That rally would propel Broadcom's market cap to over $17 trillion. By comparison, Nvidia -- the world's most valuable company -- is currently worth $5.6 trillion. That would certainly be a best-case scenario for Broadcom, but its stock could still easily double or triple in value even if its growth cools off over the next six years.

Nio (NIO +4.99%) sells premium and mass-market electric vehicles (EVs) and offers owners a perk: pull into a swap station with a drained battery and drive out with a full one. On Sept 28, Geely (GELYF +3.51%), another automaker, signed a deal for a 30% stake in the unit that runs those stations.

Yet, Nio's stock fell and exited the month with 18.9% loss, according to data provided by S&P Global Market Intelligence.

Image source: Image source: The Motley Fool.

What's happening with Nio?Nio kicked off the month by dropping its second-quarter financial results on the first day of September. The numbers looked incredible.

Vehicle deliveries surged 49%, and revenue jumped 69% year-over-year to RMB 32.1 billion ($4.7 billion). Volumes grew across all three of its brands: Nio, Onvo, and Firefly. The company's operating losses shrank 93% year-over-year to $51.2 million.

With those numbers, Nio's shares should have skyrocketed. Instead, they fell more than 10% in that week. Blame the earnings call.

Management revealed that rising prices for memory chips, batteries, and other materials had added about RMB 14,000 to the cost of every single car built since late last year. Management expects a further RMB 2,000-3,000 increase in the second half of 2026.

Analysts from JPMorgan (JPM +0.47%) were quick to downgrade Nio stock to neutral from overweight and slash its price target from $7 to $4.50 per share. Rising production costs amid intensifying competition in China could make it harder for Nio to pass costs to consumers.

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The EV stock took a bigger hit after the Geely deal on Sept. 28. Geely is a major Chinese automotive conglomerate that owns a massive global portfolio of brands, including Volvo (OTC:VOLVF), Polestar (PSNY -0.94%), Zeekr, and Lotus.

Geely will pay mostly with its own commercial swap business (Yiyi Power) and about $95 million in cash to acquire a 30% stake in Nio Power. In return, Nio gets a 10% equity stake in Geely's charging arm, Haohan Energy, to link their charging networks.

The Geely deal is big. Is it time to buy Nio?NIO enters the second half of 2026 with a strong product lineup and financial muscle (it ended Q2 with cash, cash equivalents, and deposits of nearly $8.4 billion).

Its flagship ES8 and ES9 SUVs continue to lead China's premium market above RMB 350,000. The ONVO brand leads large mid-market SUVs, while the third brand, Firefly, has dominated the market for high-end small cars for 15 straight months.

The Geely deal will also expand Nio Power's commercial reach since it will provide battery-swapping services for the new consumer-facing models Geely develops.

The payoff, however, will take time to show up, and Nio investors already seem to be running out of patience. Part of the frustration stems from Nio's September delivery numbers, which came out on Oct. 1: deliveries grew only 7.7% from a year earlier to 37,408 vehicles. Management has set a fourth-quarter target to average over 40,000 deliveries per month.

Two events will next reveal whether Nio closes that gap. October deliveries land in early November, and Q3 numbers will show whether the company can hold its vehicle margins despite higher costs.

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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired The Chemours Company (“Chemours” or the “Company”) (NYSE: CC) common stock between February 20, 2026 and August 4, 2026, inclusive (the “Class Period”). Chemours investors have until December 7, 2026 to file a lead plaintiff motion.

Law Offices of Frank R. Cruz Encourages The Chemours Company (CC) Shareholders To Inquire About Securities Fraud Class Action

ShareIF YOU SUFFERED A LOSS ON YOU’RE THE CHEMOURS COMPANY (CC) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at [email protected], by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On August 4, 2026, Chemours announced second quarter 2026 financial results. Among other things, the Company reduced its adjusted EBITDA full-year guidance to $775 million to $825 million (from $800 million to $900 million previously). Further, in the accompanying earnings call, management admitted that “[a]s a result of the initial channel fill, aftermarket customers built additional inventory, creating an oversupplied channel heading into 2026.” Management further disclosed “from the Q2 and Q3 perspective, there's probably about $65 million of aftermarket sales that realistically, you think about like-for-like probably should have been allocated to more of this year.”

On this news, Chemours shares fell $3.34, or 18.63%, to close at $14.59 per share on August 5, 2026, thereby injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) Defendants had materially overstated aftermarket demand for their Opteon products; (ii) demand for such products was decreasing as a result of Defendants' overselling Opteon products in the preceding fiscal year; (iii) as a result of these undisclosed issues, Defendants' financial guidance for the 2026 fiscal year was unreliable; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Contact Us To Participate or Learn More:

If you purchased Chemours common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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